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Newsmax Inc

ir.newsmax.com

What Do They Do?

Produces and distributes news and informational television programming, digital and print publications, and radio and podcast content for consumers, advertisers, and television distributors.

How Do They Make Money?

Broadcasting earns advertising revenue when commercials air and cable affiliate fees billed monthly. Digital earns from online and print ads, publication and streaming subscriptions, and sales of books and supplements; magazine subscriptions are paid in advance, while Newsmax+ is sold by the month or year.

revenue
SegmentShareRevenue
Broadcasting
Mix

81%
Digital
19%

Who Are Their Customers?

Consumers subscribe directly to Newsmax+ and publications and buy supplements online; advertisers and agencies buy placements, while cable and satellite distributors carry its channels.

Do Revenues Turn Into Profits?

No. It lost $99.5M in FY2025.

Operating income, FY2025
−53% of revenue
▲ +43% (Loss) vs FY2024 (−$69.8M, −41%)
Net income, FY2025
−53% of revenue
▲ +38% (Loss) vs FY2024 (−$72.2M, −42%)
Free cash flow, FY2025
−57% of revenue
▲ +116% (Loss) vs FY2024 (−$49.7M, −29%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +17%
vs $46.4M in Q2 FY2025
Net income
▲ Now profitable
vs −$75.2M in Q2 FY2025
Broadcasting share of revenue vs 81.9% in Q2 FY2025
  • Aug 13, 2026 Newsmax reiterated revenue guidance and announced a multi-year Meta content partnership The release said licensing revenue was expected to rise 344% to approximately $16 million.
Revenue over time
Broadcasting Digital
$200M$100M$0

Who Do They Compete With?

Competes with FOX News, CNN, HLN, MSNBC, and NewsNation

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